Bitcoin is trading around $83,000 after being rejected from the $86,000 to $90,000 resistance zone, which weakened the short-term structure. The Coinbase Premium Index has sharply turned negative, signaling a decline in US-based buying demand. Key support levels to watch are $80,000 and then the $75,000 to $78,000 demand area. The 4-hour RSI remains in the mid-40s, below the neutral 50 level, indicating persistent bearish momentum. The daily structure still favors a recovery phase, but a drop below $75,000 would significantly weaken the recovery structure.
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